Different Hands of Social Responsibility

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Last updated 5:03 PM on 8/28/26
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4 Terms

1
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Enlightened Self-interest School of Social Responsibility

Advises managers to be responsible to shareholders by being responsive to the larger society.

2
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Inherence School of Social Responsibility


Advises managers to serve shareholders and to act only with shareholders’ interests in mind.

3
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Invisible Hand School of Social Responsibility

Role of business is to serve larger society and it does so best when serving shareholders only.

4
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Social Responsibility School of Social Responsibility

Role of business is to serve larger society, so it should serve the needs of the larger society.